RECOMMENDATION MADE TO COUNCIL:

1.  That the Revised Code of Practice be adopted.

2.  That the proposed Treasury Management Strategy for 2010/11 be agreed.

3.  That the Prudential and Treasury Indicators, as detailed in Appendix A, be agreed.

4.  That the Head of Finance be given delegated authority (in consultation with the Cabinet Member for Corporate Services) to make use of alternative investment instruments should it be considered prudent to do so and should it be of advantage to the Council.

5.  That the Council’s Treasury Management Practices be amended to reflect the decisions made above.

6.  That the scrutiny of the proposed strategy be agreed, and the performance in year be a function of Audit Committee and that a report on this strategy and on the use of the example clauses to change the Council’s financial procedure rules be presented to the Audit Committee.

For full details of this Record of Recommendation please follow this link:-

http://meetings.maidstone.gov.uk/ieListDocuments.aspx?CId=151&MId=696&Ver=4